Global Barge Transportation Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

"Global Barge Transportation Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global barge transportation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global barge transportation market report has been segmented on the basis of cargo type, barge fleet, application, and region.

Introduction: 

Barge transportation is a popular mode for transportation for large industries in order to transport their cargo from one place to other. The barge is flat surfaced vessel toed to naval vessels used to transport cargo through waterways. Barges are generally utilized in water bodies such as rivers, canals, and lakes.

Market Dynamics:

Growing demand for crude oil in developing economies such as India and China is a major factor expected to drive revenue growth of global barge transportation market over the forecast period. Moreover, benefits related to barge transportation such as cost-effectiveness, safety and security, and efficiency is another factor expected to drive revenue growth of target market over the next 10 years.

Cargo Type Insights:

On the basis of cargo type, the liquid cargo segment is expected to account for major revenue share in the global barge transportation market. Liquid cargo segment includes transportation of petroleum products, petrochemicals, liquid fertilizers, etc.,

Barge Fleet Insights:

On the basis of barge fleet, the tank segment is expected to hold a major revenue share in the global market. Increasing demand for crude oil and petroleum products across the globe is major factor expected to drive revenue growth of this segment over the forecast period.

Application Insights:

On the basis of application, the crude and petroleum segment is expected to grow at a moderate rate over the forecast period. Increasing demand for crude oil and petroleum products in various end-use industries is major factor expected to drive revenue growth of this segment over the forecast period.

Regional Insights:

Europe accounts for the major revenue share contribution of the global barge transportation market, followed by markets in North America, Asia Pacific, Middle East & Africa, and Latin America respectively. Europe market is estimated to account for major revenue share in the global target market and is expected to maintain its dominance over the forecast period. The growth of the barge transportation market in the region is attributed to the well-established inland waterways. Increasing number of government initiatives for barge transportation is expected to support revenue growth of barge transportation market in Europe. Moreover, the presence of a large number of companies providing barge transportation in the region is another factor expected to drive revenue growth of target market in Europe.

Market segmentation and key players operating in the global barge transportation market:

By cargo type:

• Liquid Cargo
• Gaseous Cargo
• Dry Cargo

By barge fleet:

• Covered Barge
• Open Barge
• Tank Barge

By application:

• Coal
• Crude and petroleum products
• Liquid chemicals
• Agricultural products
• Chemicals
• Food pulp and other liquids
• Others (Metal ore, Pharmaceuticals, Dry and gaseous chemicals, Electronics and digital equipment, etc.)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa